Randy Falco Named Chief of Univision

Randy Falco, the chief operating officer of Univision Communications, was promoted on Wednesday to be the president and chief executive of the fast-growing Spanish language media company.

Mr. Falco was the unanimous choice of the Univision board of directors, according to its executive chairman, Haim Saban. The company had been conducting a search for a new chief executive since March, when Joe Uva exited.